iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Update

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 33,079 shares, a decrease of 81.4% from the May 31st total of 177,730 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 127,862 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

Institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL bought a new stake in iShares U.S. Utilities ETF in the 2nd quarter worth about $269,000. Qube Research & Technologies Ltd lifted its stake in iShares U.S. Utilities ETF by 99.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,146 shares of the company’s stock valued at $224,000 after acquiring an additional 1,072 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 1.2% during the 2nd quarter. NewEdge Advisors LLC now owns 20,855 shares of the company’s stock valued at $2,181,000 after acquiring an additional 244 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of iShares U.S. Utilities ETF by 58.2% during the 2nd quarter. Quantinno Capital Management LP now owns 6,455 shares of the company’s stock valued at $675,000 after acquiring an additional 2,374 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of iShares U.S. Utilities ETF by 8.6% in the second quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock worth $21,451,000 after acquiring an additional 16,173 shares during the period.

iShares U.S. Utilities ETF Trading Up 0.6%

Shares of IDU opened at $115.94 on Friday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58. The business’s fifty day simple moving average is $113.62 and its two-hundred day simple moving average is $113.25. iShares U.S. Utilities ETF has a 12 month low of $102.91 and a 12 month high of $120.82.

iShares U.S. Utilities ETF Company Profile

iShares U.S. Utilities ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Utilities Index (the Underlying Index). The Underlying Index measures the performance of the utilities sector of the United States equity market. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.